Reddit’s IPO as much as five times oversubscribed: report
In The Claman Countdown, Adena Friedman explains why startups are struggling to go public in uncertain times. Reddit’s initial public offering (IPO) is currently targeting a valuation of $6.5 billion and is oversubscribed by four to five times, people familiar with the matter told Reuters on Sunday. Oversubscription does not guarantee that Reddit will perform […]